VALENCIA, Calif.--(BUSINESS WIRE)--Sep. 28, 2012--
Wesco Aircraft Holdings, Inc. (NYSE: WAIR), a leading provider of
comprehensive supply chain management services to the global aerospace
industry, today announced the pricing by certain employees and former
employees of the underwritten offering of 1,800,000 shares of its common
stock at a price to the public of $13.65 per share. Settlement of the
offering is expected to occur on October 3, 2012. The shares are being
sold to cover a portion of the employees’ tax liability resulting from
the scheduled delivery of 5,604,316 shares of common stock in the
aggregate in satisfaction of the terms of certain restricted stock unit
awards that were granted in 2006 in connection with the Company’s
recapitalization with The Carlyle Group. The Company will also pay
approximately $8.5 million in cash, in lieu of the delivery of 626,225
shares in the aggregate, in satisfaction of a portion of the restricted
stock unit awards held by the employee stockholders pursuant to the
terms of the applicable equity incentive plan. The Company will not sell
any shares in the offering and will not receive any proceeds from the
A resale registration statement relating to the shares is effective with
the Securities and Exchange Commission. A prospectus relating to the
offering has been filed with the Securities and Exchange Commission.
Copies of the prospectus may be obtained from Barclays Capital Inc., c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY
11717, Email: Barclaysprospectus@broadridge.com,
Barclays acted as sole underwriter for the offering.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to any registration or qualification under the
securities laws of such jurisdiction. Any offer of securities covered by
the resale registration statement may be made solely by means of the
prospectus included in the registration statement containing specific
information about the terms of any such offering.
About Wesco Aircraft
Wesco Aircraft is one of the world's largest distributors and providers
of comprehensive supply chain management services to the global
aerospace industry. The Company’s services range from traditional
distribution to the management of supplier relationships, quality
assurance, kitting, just-in-time delivery and point-of-use inventory
management. The Company believes it offers the world’s broadest
inventory of aerospace parts, comprised of approximately 500,000
different stock keeping units, including hardware, bearings, tools,
electronic components and machined parts. Wesco Aircraft has more than
1,200 employees across 44 locations in 12 countries.
Forward Looking Statements
Certain information in this news release contains forward-looking
statements with respect to the Company’s expectations or beliefs
concerning future events. In some cases, you can identify
forward-looking statements by terminology such as “guidance,” “may,”
“will,” “could,” “should,” “forecasts,” “expects,” “intends,” “plans,”
“anticipates,” “projects,” “outlook,” “believes,” “estimates,”
“predicts,” “potential,” “continue,” “preliminary,” or the negative of
these terms or other comparable terminology. Although the Company
believes that such forward-looking statements are reasonable, it cannot
assure you that any forward-looking statements will prove to be correct.
Such forward-looking statements involve risks, uncertainties, estimates
and assumptions that may cause the Company’s actual results, performance
or achievements to be materially different than those set forth in this
news release. In particular, there can be no assurances that the
offering by the employee stockholders will be consummated or that it
will be consummated on the terms described in this new release.
Additional information relating to factors that may cause actual results
to differ from the Company’s forward-looking statements can be found in
the Company’s filings with the Securities and Exchange Commission,
including the Company’s Annual Report on Form 10-K for the fiscal year
ended September 30, 2011, as supplemented by the Company’s Quarterly
Report on Form 10-Q for the quarterly periods ended December 31, 2011,
March 31, 2012 and June 30, 2012. The Company undertakes no obligation
to update or revise forward-looking statements after the day of the
release as a result of new information, future events or developments
except as required by law.
Source: Wesco Aircraft Holdings, Inc.
Wesco Aircraft Holdings, Inc.
Richard Zubek, 661-802-5078